Is commission agent in grain market (aadati) needs tax audit


deepak (accounts and taxation practice)     24 July 2019

deepak
accounts and taxation practice 
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IS THE  COMMISSION AGENT IN GRAINS (AADATI) IS LIABLE TO TAX AUDIT ON BASIS OF TURNOVER . BECAUSE ITS MAIN INCOME IS COMMISSION RECEIVED ON SALE PURCHASE OF GRAINS . 

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CA ABHAY GUPTA (Practice)     24 July 2019

CA ABHAY GUPTA
Practice 
 131 likes  1490 points

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if turnover exceeds or commission Income exceeds Rs 1 crore

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deepak (accounts and taxation practice)     25 July 2019

deepak
accounts and taxation practice 
 3 likes  62 points

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commission not crossing 1 CR then?

 

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Pankaj jakhar (trainee)     11 August 2019

Pankaj jakhar
trainee 
 64 points

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Not required audit


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